Planning tool

• US 20070027736A1
• Filed: 06/01/2004
• Published: 02/01/2007
• Est. Priority Date: 06/02/2003
• Status: Abandoned Application

• Current Assignee: Adam French, Alejandra Oliver, Andrew Maclaren, Damon Reynolds, Dan Hurell, Dominic Keen, James Simon, John Fussell, Kate Rosser, Liz Soutar, Nicholas Leonard, Nicholas Rich, Paul Oram, Steve Osborn
• Original Assignee: Adam French, Alejandra Oliver, Andrew Maclaren, Damon Reynolds, Dan Hurell, Dominic Keen, James Simon, John Fussell, Kate Rosser, Liz Soutar, Nicholas Leonard, Nicholas Rich, Paul Oram, Steve Osborn
• Inventors: James, Simon, Osborn, Steve, Fussell, John, Oram, Paul, Soutar, Liz, Oliver, Alejandra, French, Adam, Hurell, Dan, Keen, Dominic, Rich, Nicholas, MacLaren, Andrew, Rosser, Kate, Leonard, Nicholas, Reynolds, Damon
• Application Number:
  US10/558,968
• Publication Number:
  US 20070027736A1
• Time in Patent Office: Days
• US Class Current: 705/8
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

There is disclosed a computer apparatus incorporating a model component for calculating time series and a user interface component for controlling the model and displaying the time series. The user interface allows events to be defined which are used by the model, by positioning event markers relative to an event schedule graphic. The apparatus may be used as a financial planning tool, in which case the model is a financial model and the events are financial events. Such a planning tool may further incorporate a component to provide planning suggestions based on the model and defined events.

Claims

1. A computer apparatus comprising:

a model component adapted to calculate time series of one or more indicator variables dependent on a plurality of model parameters, at least some of said model parameters being event parameters relating to one or more events, each event having at least one associated event time parameter; and

a user interface component adapted to cause at least a part of the scope of said time series to be graphically represented as an event schedule graphic and to enable a user to position one or more event markers relative to said event schedule graphic, said user interface component being further adapted to cause one or more of said event time parameters to be set dependent on the position of each event marker relative to the event schedule graphic.

2. The apparatus of claim 1 wherein the event schedule graphic provides only a single control dimension of event time.

3. The apparatus of claim 1 wherein the user interface further comprises a timeline navigation element, and the event schedule graphic represents a controllable part of the scope of said time series, the part of the scope being controllable using the timeline navigation element.

4. The apparatus of claim 3 wherein the timeline navigation element displays a concurrent representation of substantially the whole of said time series.

5. The apparatus of claim 1 wherein the user interface is adapted to enable a user to exclude one or more existing events, whereby the associated event parameters are excluded from the model component calculation.

6. The apparatus of claim 5 whereby the exclusion of an event is represented in the user interface by colouration or discolouration of the associated event marker.

7. The apparatus of claim 1 wherein the user interface component is further adapted to cause said time series of said one or more indicator variables to be graphically displayed as indicator variable graphics at the same time as display of said event schedule graphic.

8. The apparatus of claim 7 wherein said event schedule graphic and said indicator variable graphics each have a time axis, and said time axes are substantially parallel and of substantially the same scope.

9. The apparatus of claim 1 wherein the user interface component is further adapted to cause the model component to recalculate said indicator variables following setting of one or more of said event parameters.

10. The apparatus of claim 1 wherein the user interface component is further adapted to:

cause one or more event selectors to be graphically displayed at the same time as said event schedule graphic, each event selector being associated with a different type or class of event;

enable a user to select one of said event selectors and to select a corresponding drop position relative to said event schedule graphic;

cause an event of the selected event type or class to be generated; and

to cause an event time parameter for the generated event to be set, the value of the event time parameter being set dependent on the drop position relative to said event schedule graphic.

11. The apparatus of claim 1 wherein selection of an event marker positioned relative to said schedule graphic and associated with an event launches a user interface event dialogue element adapted to receive from a user changes to the event parameters associated with said event.

12. The apparatus of claim 1 wherein the event schedule graphic is divided into a plurality of event schedule time regions, each region representing a time interval of said time series.

13. The apparatus of claim 1 wherein the user interface component is adapted to enable a user to move said event markers relative to said event schedule graphic, and to cause an event time parameter of an event associated with an event marker to be updated dependent on the new position of the event marker relative to the event schedule graphic.

14. The apparatus of claim 1 wherein the apparatus is a financial planning apparatus, the model component implements a financial model and the events are financial events.

15. The apparatus of claim 14 wherein the indicator variables are selected from a list including spare income, amount of debt, and net worth.

16. The apparatus of claim 14 further comprising a suggestion engine adapted to generate financial suggestions dependent on the plurality of model parameters including the event parameters, and to enable a user to build one or more financial plans based on said suggestions.

17. The apparatus of claim 16 wherein model parameters relating to events currently excluded in the user interface are neglected in the generation of financial suggestions.

18. The apparatus of claim 16 wherein said user interface component is further adapted to cause a suggestion selector to be displayed, selection of said suggestion selector causing execution of said suggestion engine.

19. The apparatus of claim 16 wherein the user interface component is adapted to cause said financial plans, when built, to be represented as one or more plan graphics displayed at the same time as said event schedule graphic, and to cause said indicator variable graphics to display time series of said indicator variables calculated taking said financial plans into account.

20. The apparatus of claim 19 wherein selection of one of said plan graphics by a user launches a user interface plan dialogue element adapted to accept from a user changes to parameters associated with the corresponding financial plan.

21. A graphical user interface comprising:

one or more indicator variable graphics displaying time series of one or more indicator variables calculated using a model on the basis of a plurality of model parameters, at least some of said model parameters being event parameters relating to one or more events, each event having at least one associated event time parameter;

an event schedule graphic representing at least a part of said time series; and

an event marker facility adapted to enable a user to place one or more event markers in locations relative to said schedule graphic, and to cause to be generated event parameters for an event corresponding to each event marker, an event time parameter for each event so generated being set according to the location of the marker relative to the event schedule graphic.

22. The graphical user interface of claim 21 wherein the event schedule graphic provides only a single control dimension of event time.

23. The graphical user interface of claim 21 further comprising a timeline navigation element, the event schedule graphic representing a controllable portion of said time series, the portion of said time series being controllable using the timeline navigation element.

24. The graphical user interface of claim 23 wherein the timeline navigation element displays a concurrent representation of substantially the whole of said time series.

25. The graphical user interface of claim 21 wherein the user interface is adapted to enable a user to exclude one or more existing events, whereby the associated event parameters are excluded from the model calculation.

26. The graphical user interface of claim 25 whereby the exclusion of an event is represented in the user interface by colouration or discolouration of the associated event marker.

27. The graphical user interface of claim 21 wherein each event time parameter defines a position in said time series.

28. The graphical user interface of claim 21 wherein the event schedule graphic and each indicator variable graphic has a time axis, and the time axes are substantially parallel and of substantially the same scope.

29. The graphical user interface of claim 21 further comprising an event edit facility adapted to enable a user to update event parameters associated with an event represented as an event marker.

30. The graphical user interface of claim 29 wherein the event edit facility is accessed by selecting an event marker using a pointing device controlling a graphical cursor.

31. The graphical user interface of claim 21 wherein each event marker is moveable relative to said event schedule graphic using a pointing device controlling a cursor, the interface being adapted to cause the event time parameter to be updated in accordance with movement of the event marker.

32. The graphical user interface of claim 21 arranged such that the indicator variable graphics automatically display recalculated time series of said one or more indicator variables in response to changes to said model parameters.

33. The graphical user interface of claim 21 wherein the user interface is a financial planning user interface, the indicator variables are financial variables and the events are financial events.

34. The graphical user interface of claim 33 further comprising a suggestions selector, selection of said suggestions selector by a user causing execution of a suggestion engine arranged to generate one or more financial suggestions.

35. The graphical user interface of claim 34 wherein model parameters relating to events currently excluded in the user interface are neglected in the generation of financial suggestions.

36. The graphical user interface of claim 34 further comprising one or more financial plan graphics illustrating the extent of each financial plan within said time series.

37. A financial planning tool comprising:

a user profile entry module adapted to receive a plurality of financial parameters from a user;

a lifeplan module adapted to receive a plurality of event parameters relating to a plurality of financial events from a user, said event parameters including at least one event time parameter for each event; and

a financial model module adapted to calculate time series of one or more indicator variables from said financial parameters and said event parameters.

38. The financial planning tool of claim 37 further comprising a lifeplan user interface adapted to enable a user to generate one or more events and to place said events at selected points within said time series, said lifeplan user interface further displaying graphically said time series of said indicator variables.

39. The financial planning tool of claim 37 further comprising a suggestion centre module arranged to provide a user with financial suggestion options calculated from said financial parameters and said event parameters, and to enable said user to select preferred ones of said financial suggestion options so as to build one or more financial plans, each financial plan comprising a plurality of plan parameters.

40. The financial planning tool of claim 39 further comprising a suggestion engine module adapted to calculate said financial suggestion options and to pass said financial suggestion options to said suggestion centre module.

41. A method of automatically calculating a plurality of financial suggestion options from a plurality of financial parameters describing the financial position of a user and a plurality of event parameters describing financial goals of said user, comprising:

following a predefined sequence of suggestion steps, each step relating to a predefined suggestion area;

for each suggestion step determining from said financial parameters and said event parameters whether or not to calculate suggestion options for that step;

for each suggestion step for which suggestion options are to be calculated, calculate suggestion options for that step.

42. The method of claim 41 further comprising:

for each step for which suggestion options are calculated, receiving a selection of said suggestion options from said user, and building a financial plan for each such step based on the selected suggestion options, each financial plan including one or more plan parameters.

43. The method of claim 42 wherein the suggestion options calculated for a following step are calculated using the plan parameters of a financial plan built in a previous step.

44. The method of claim 41 wherein said steps comprise two or more suggestion steps taken from the following sequence:

paying off credit card debt, paying off general loans, addressing current income deficits, building a rainy day fund, saving for one or more events defined by said event parameters, getting life insurance, overpaying mortgage and thinking about inheritance tax.

45. The method of claim 44 wherein said steps further comprise a suggestion step of saving for retirement.

46. A computer implemented planning tool for assisting a user in planning for one or more future events, the planning tool including a computer model for calculating future values of one or more variables based on a plurality of model parameters, at least some of said model parameters defining future events to be included in the model, the planning tool providing:

a timeline area displaying a timeline enabling a user to define one or more events with reference to the timeline; and

an options area displaying one or more options calculated by the planning tool to enable the user to plan for the one or more defined events.

47. The planning tool of claim 46 wherein the timeline area also enables a user to change the parameters defining an event, including moving the time of the event.

48. The planning tool of claim 46 wherein the timeline area also enables a user to suspend a defined event, a suspended event being excluded from the calculations of the computer model until the suspension is ended.

49. The planning tool of claim 46 wherein the options area enables a user to prioritize defined events, and wherein the planning tool accounts for the prioritization when calculating said options.

50. The planning tool of claim 46 wherein the options area further enables the user to select a subset of the calculated options.

51. The planning tool of claim 50 further comprising a to-do list area displaying actions which a user should take to put one or more of the selected subset of options into effect.

52. The planning tool of claim 46 wherein the planning tool is a financial planning tool, the events are finance-related events, and the options relate to possible courses of action of a user in planning financially for the events.

53. A computer implemented planning tool having distributed functional elements for the calculation of personal finance strategies comprising an application component, a user interface component and a database component.

54. The computer implemented planning tool of claim 53 wherein the application component comprises a financial model element adapted to calculate future values of one or more financial variables based on model parameters, said model parameters including parameters defining one or more future financial events.

55. The computer implemented planning tool of claim 54 wherein the application component comprises a timeline element adapted to arrange the display to a user of a timeline interface which enables the user to define one or more of said financial events.

56. The computer implemented planning tool of claim 53 wherein said application component further comprises an options element adapted to calculate one or more options, each option representing a financial scheme to assist the user in achieving one of said events.

57. The computer implemented planning tool of claim 53 wherein the elements of the application component communicate with users using one or more user interface elements included in the user interface component.

58. The computer implemented planning tool of claim 57 wherein the user interface component includes a network interface connectable to a network for communication with one or more users thereby.

59. A computer program product containing computer program code elements which when executed on a computer, perform a method of automatically calculating a plurality of financial suggestion options from a plurality of financial parameters describing the financial position of a user and a plurality of event parameters describing financial goals of said user, the method comprising:

following a predefined sequence of suggestion steps, each step relating to a predefined suggestion area;

for each suggestion step determining from said financial parameters and said event parameters whether or not to calculate suggestion options for that step;

for each suggestion step for which suggestion options are to be calculated calculate suggestion options for that step.

60. A computer program product containing computer program code elements which, when loaded on a computer system, provide a computer apparatus comprising:

a model component adapted to calculate time series of one or more indicator variables dependent on a plurality of model parameters at least some of said model parameters being event parameters relating to one or more events, each event having at least one associated event time parameter; and

a user interface component adapted to cause at least a part of the scope of said time series to be graphically represented as an event schedule graphic and to enable a user to position one or more event markers relative to said event schedule graphic, said user interface component being further adapted to cause one or more of said event time parameters to be set dependent on the position of each event marker relative to the event schedule graphic.

61. A computer program product containing computer program code elements which, when executed on a computer system having suitable visual display and input means, provide a graphical user interface comprising:

one or more indicator variable graphics displaying time series of one or more indicator variables calculated using a model on the basis of a plurality of model parameters, at least some of said model parameters being event parameters relating to one or more events, each event having at least one associated event time parameter;

an event schedule graphic representing at least a part of said time series; and

an event marker facility adapted to enable a user to place one or more event markers in locations relative to said schedule graphic, and to cause to be generated event parameters for an event corresponding to each event marker, an event time parameter for each event so generated being set according to the location of the marker relative to the event schedule graphic.

62. An apparatus providing a graphical user interface comprising:

one or more indicator variable graphics displaying time series of one or more indicator variables calculated using a model on the basis of a plurality of model parameters, at least some of said model parameters being event parameters relating to one or more events, each event having at least one associated event time parameter;

an event schedule graphic representing at least a part of said time series; and

an event marker facility adapted to enable a user to place one or more event markers in locations relative to said schedule graphic, and to cause to be generated event parameters for an event corresponding to each event marker, an event time parameter for each event so generated being set according to the location of the marker relative to the event schedule graphic.

63. A computer program product containing computer program code elements which, when executed on a suitable computer system provides

a computer implemented planning tool for assisting a user in planning for one or more future events, the planning tool including a computer model for calculating future values of one or more variables based on a plurality of model parameters, at least some of said model parameters defining future events to be included in the model, the planning tool comprising:

a timeline area displaying a timeline enabling a user to define one or more events with reference to the timeline; and

an options area displaying one or more options calculated by the planning tool to enable the user to plan for the one or more defined events.